Twenty-eight retail platforms join forces to form industry body


The operators of twenty-eight of the UK's largest investment platforms are forming the UK Platform Group in the aim to more fully represent the industry.

Members include all major UK platforms, ranging from stockbrokers and execution-only services to advisory platforms, and together represent 95% of the platform industry's total assets. The organisation will engage with the Financial Conduct Authority and the Treasury on issues such as regulation, tax, savings policy and consumer issues. It will also focus on identifying ways in which platforms can work more efficiently and effectively for customers. The group will replace an existing body which consisted of Hargreaves Lansdown, Fidelity, Standard Life, Cofunds, AXA Wealth, and Old ...

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